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Private Properties

Paradise Valley Doings

By

June Fletcher Staff Reporter of The Wall Street Journal

Updated May 19, 2000 12:50 a.m. ET

A century ago, Paradise Valley, Ariz., was a stagecoach stop known as Poverty Gulch, with a permanent population of two. Now the chic town near Phoenix has a population of about 13,300 and about 200 homes listed for sale at more than $1 million; last month 21 homes sold in that price range.

Anne Robbs, the widow of Continental Bank founder A.B. Robbs Jr., just reduced the price of her five-acre Paradise Valley estate by a million dollars, to $9.3 million. The house has been on the market for about a year. During the two...